The National Association of Insurance Commissioners (NAIC) administers an "early warning system" to help ensure insurance company solvency
This system uses data provided in the annual statement to identify companies that may pose a solvency risk. This early warning system is called
A) the risk-based capital requirements.
B) an insurance guaranty fund.
C) the Insurance Regulatory Information System (IRIS).
D) the assessment method.
Answer: C
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Answer the following statement true (T) or false (F)
Centric Sail Makers manufactures sails for sailboats
The company has the capacity to produce 36,000 sails per year and is currently producing and selling 30,000 sails per year. The following information relates to current production: Sales price per unit $180 Variable costs per unit: Manufacturing $60 Selling and administrative $20 Total fixed costs: Manufacturing $675,000 Selling and administrative $300,000 If a special pricing order is accepted for 5,500 sails at a sales price of $160 per unit, and fixed costs remain unchanged, what is the change in operating income? (Assume the special pricing order will require variable manufacturing costs and variable selling and administrative costs.) A) Operating income decreases by $880,000. B) Operating income increases by $880,000. C) Operating income decreases by $440,000. D) Operating income increases by $440,000.
Write the number in word form: .13586
Which of the following refers to any disparity in relevant market information among parties in a transaction?
A. information asymmetry B. unfair competitive advantage C. imperfect competition D. dynamic pricing